eBook Calculator Entries for Selected Corporate Transactions West Yellowstone Outfitters Corpora during the current fiscal year are as follows: West Yelowstone Outiters Corporation manufactures and distributes leisure dothing. Selected transactions completed by an. 15. Split the common stock 4 for 1 and reduced the par from $120 to $30 per share. After the split, there were 800,000 common shares outstanding. Mar. 1. Dedared semiannual dividends of $o.25 on 100,000 shares of preferred stock and $0.07 on the 800,000 shares of $30 par common stock to stockholders of record on March 31, payable on April 30. Apr. 30. Paid the cash dividends. May 31. Aug. 17. Sold 40,000 shares of treasury stock at $38, receiving cash Purchased 60,000 shares of the corporation's own common stock at $32, recording the stock at cost. Sept. 1. Dedared semiannual dividends of $0.25 on the preferred stock and $0.09 on the common stock (before the stock dividend). In addition, a 1% common stock dividend was declared on the common stock outstanding, to be capitalized at the fair market value of the common stock, which is estimated at $40. Oct. 31. Paid the cash dividends and issued the certificates for the common stock dividend Required: Journalize the transactions If no entry is required, select "No entry required from the dropdown and leave the amount boxes blank. For a compound transaction, if an amount box does not require an entry, leave it blank. Jan. 15. Split the common stock 4 for 1 and reduced the par from $120 to $30 per share. After the split, there were 800,000 common shares outstanding. Date Account Debit Credit Jan, 15